On Wednesday, the leu’s reference rate was at 4.4698 per euro.
The leu barely moved against the US dollar, and the central bank set the exchange rate at 3.2273 units, from 3.2292 units the day before.
The local currency opened at 4.467 per euro, from 4.468/4.47 per euro at Wednesday closing, and further gained ground. It briefly traded below 4.46 units, but came back above the level by mid-day. At around 13:00 local time (GMT1000), the leu traded at 4.462/4.463 per euro.
On the money market, overnight rates fell to 2.8%-3.3% a year, from 3.9%-4.4% a year on Wednesday, following yesterday’s repurchase agreement operation launched by the central bank, which injected RON2 billion in the market.